Securities code: Shanghai Zhenhua Heavy Industries Co.Ltd(600320) 900947 securities abbreviation: Shanghai Zhenhua Heavy Industries Co.Ltd(600320) Zhenhua B shares Announcement No.: pro 2022006 Shanghai Shanghai Zhenhua Heavy Industries Co.Ltd(600320) (Group) Co., Ltd
Announcement of annual profit distribution plan in 2021
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Important content tips:
Distribution ratio per share: cash dividend of RMB 0.05 per share (tax included). The cash dividend of B-share shareholders shall be paid in US dollars. According to the detailed rules for the implementation of the provisions on domestic listed foreign shares, the exchange rate between US dollars and RMB shall be converted according to the central rate of US dollars to RMB published by the people’s Bank of China on the working day next to the resolution date of the company’s 2021 annual general meeting.
The profit distribution is based on the total share capital registered on the date of equity distribution. If the total share capital of the company changes before the equity registration date of equity distribution, it is proposed to maintain the distribution proportion per share unchanged, adjust the total distribution accordingly, and make a separate announcement on the specific adjustment.
This announcement is not an announcement on the implementation of equity distribution. The profit distribution plan disclosed in this announcement has yet to be considered by the company’s 2021 annual general meeting of shareholders. The specific arrangement of profit distribution will be specified in the announcement on the implementation of equity distribution.
1、 Contents of profit distribution plan
Audited by Ernst & Young Huaming Certified Public Accountants (special general partnership), Shanghai Shanghai Zhenhua Heavy Industries Co.Ltd(600320) (Group) Co., Ltd. (hereinafter referred to as “the company”) realized a net profit attributable to shareholders of the listed company of RMB 439839245 in 2021. As of December 31, 2021, the actual profit available for distribution to shareholders of the company is RMB 2767511301. In order to encourage the company’s shareholders to hold the company’s shares for a long time, boost their confidence and establish a positive capital market image of the company, and in combination with the company’s performance in 2021, the board of directors decided that the company plans to distribute profits based on the total share capital registered on the date of equity distribution in 2021. The profit distribution plan is as follows:
The company plans to pay a dividend of RMB 10.0 (including tax) to all shareholders per share. As of 2021
As of December 31, 2013, the total share capital of the company was 5268353501 shares. Based on this calculation, the total cash dividend to be distributed was RMB 26341767505 (including tax).
In 2021, no capital reserve will be converted into share capital and no bonus shares will be given.
The profit distribution plan needs to be submitted to the general meeting of shareholders for deliberation.
2、 Decision making procedures performed by the company
(I) convening, deliberation and voting of the board meeting
The company held the 9th meeting of the 8th board of directors on April 13, 2022. After deliberation, the board of directors unanimously approved the proposal on deliberation of the company’s profit distribution plan in 2021 and agreed to the profit distribution plan. The profit distribution plan needs to be submitted to the company’s 2021 annual general meeting for deliberation.
(II) opinions of independent directors
The independent directors of the company believe that the plan comprehensively considers the company’s business development needs, profitability, capital needs and other factors, takes into account the reasonable needs of shareholders’ returns, and allows all shareholders to share the operating results of the company’s growth. The plan complies with the requirements of laws and regulations such as the guidelines for the supervision of listed companies No. 3 – cash dividends of listed companies, the articles of association, the actual operation and financial status of the company, and the long-term interests of the company and shareholders. After review, we agree to this profit distribution plan and submit this proposal to the general meeting of shareholders for deliberation.
(III) opinions of the board of supervisors
The board of supervisors believes that the company’s profit distribution plan for 2021 complies with the articles of association and relevant laws and regulations. The profit distribution plan takes full account of the company’s profitability, which is conducive to encouraging the company’s shareholders to hold the company’s shares for a long time, boosting shareholders’ confidence, and establishing a positive capital market image of the company, which is in line with the overall interests of all shareholders and the company’s sustainable development strategy.
3、 Relevant risk tips
The profit distribution plan needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation.
It is hereby announced.
Board of directors of Shanghai Shanghai Zhenhua Heavy Industries Co.Ltd(600320) (Group) Co., Ltd. April 14, 2022
